Tag: gold

Transition Metals: Pipeline growth without dilution

JayCurrie
V.XTM, Transition Metals, gold, Ontario, Scott McLean

Transition (V.XTM) CEO Scott McLean is very clear about the difference between a project generator and a junior explorer, “The big difference is that a traditional junior will raise money by diluting the shareholder’s equity to fund the advancement of one or two projects.   Under the project generator business model, the Company holds multiple projects and the exploration is funded by a partner in return for a stake in a specific project. This model allows projects to be funded with minimal shareholder equity dilution. The approach leverages the investor’s exposure to the upside that can come from discovery in a manner that insulates the downside that can come from excessive shareholder dilution if results prove unfavourable” read more

Marathon Gold Buys Back the 3% Precious Metals and 2% Base Metals Royalty on the Valentine Lake Gold Property in Newfoundland

MotherlodeTV
T.MOZ, Marathon Gold, gold, Newfoundland, Phillip Walford

Marathon Gold Corporation (“Marathon” or the “Company”) (TSX:MOZ) Marathon Gold Corporation is pleased to announce that it has acquired the 3% precious metals NSR royalty and the 2% base metals NSR royalty on its Valentine Lake gold property in central Newfoundland from a third party for US$8.7 million. Marathon believes this purchase is in the best interest of the Company as it continues to develop the Valentine Lake property. read more

Victoria Gold in Northern Miner

JayCurrie
Canadian Mining

Lesley Stokes at the Northern Miner is the rare combination of a geologist and a journalist. She understands what professional geologists like Victoria Gold’s VP Exploration, Paul Gray is talking about when he describes the Eagle discovery as “geologically boring, but mineralogically consistent,”. It is that consistency which drives VIT’s mine construction and the exploration efforts designed to extend the projected life of mine. read more

TerraX Extends the Duck Lake Mineralized Zone 3 Km East and 2 Km to the South with Outcrop and Channel Sampling

MotherlodeTV
TerraX expands Yellowknife City Gold field exploration program

TerraX Minerals Inc. (TSXV: TXR) (OTC Pink: TRXXF) (FSE: TX0) is pleased to announce follow-up surface sampling results from the Duck Lake structure (“Duck Lake”), one of 8 new high grade target areas identified on the Yellowknife City Gold Project during field work this summer (see Map 1 here). read more

Sierra Metals Announces Filing of NI 43-101 Technical Report on the Yauricocha Mine in Peru

MotherlodeTV
T.SMT, Sierra Metals

Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) has filed a technical report prepared in accordance with National Instrument 43-101 (“NI 43-101”) on the Yauricocha Mine (the “Report”).  The Report supports the disclosure made by the Company in its news releases dated September 28, 2017 entitled “Sierra Metals Significantly Increases Mineral Resource Estimate for Yauricocha Mine, Peru.” and dated October 26, 2017 entitled “Sierra Metals Significantly Increases Mineral Reserve Estimate for Yauricocha Mine, Peru.”  There are no material differences in the mineral reserves and resources contained in the Report from those disclosed in the news releases. read more

Falco Announces Agreement to Purchase Mining Fleet for Horne 5 Project

MotherlodeTV

Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Company”) is pleased to announce that it has signed an agreement to purchase its mining fleet for the Horne 5 Project located in Rouyn-Noranda, Québec, Canada. The Company selected Sandvik Mining and Rock Technology, Val d’Or, Québec, (“Sandvik”) as its supplier of choice for the mining fleet. read more